Looking past ousted Intel CEO Brian Krzanich’s personal issues, Intel’s stock is too cheap at these levels, CNBC’s Jim Cramer said Thursday. Shares of the chipmaker slid 2.38 percent on Thursday after Krzanich resigned, effective immediately, for having what the company called a “consensual relationship with an Intel employee.” The relationship violated Intel’s strict non-fraternization […]
Read moreJust three months after the head of Amazon‘s massive marketplace left the company for WeWork, the highest ranking remaining executive in the business has been stripped of much of his authority. Peter Faricy, the vice president of the Amazon Marketplace and a 12-year company veteran, currently has no direct reports except for his assistant, according […]
Read moreGoogle parent company Alphabet is in discussions to spin out a molten-salt energy storage project in a transaction with Breakthrough Energy Ventures, a $1 billion fund devoted to energy research, MIT Technology Review reported. It is unclear if a deal has been finalized or how much money may be involved. Nobel Prize winner Robert Laughlin […]
Read moreRed Hat stock fell by more than 10 percent on Thursday after the company reported better-than-expected earnings for the first quarter of its 2019 fiscal year but lower-than-expected guidance. Executives will hold a conference call with analysts at 5 p.m. Eastern time. Here’s how the company performed: Earnings: Excluding certain items, 72 cents per share, […]
Read moreTax preparation company Avalara soared as much as 33 percent Thursday after a historic Supreme Court decision on collecting sales tax from e-commerce. The stock later pared its gains, but still ended the session 13 percent higher at $51.04. The Supreme Court’s Thursday decision means states can collect sales tax from online sellers even if […]
Read moreOnline retailers saw their shares slide on Thursday following the Supreme Court’s decision to allow states to collect more sales tax from e-commerce companies. But Amazon, the largest online retailer that’s become nearly synonymous with e-commerce, stands to benefit from the court ruling, law experts say. “Amazon should be helped because it is collecting sales […]
Read moreYou may remember the scene from the 1976 movie Rocky, when the boxing hero Rocky Balboa, played by Sylvester Stallone, dragged himself out of bed and downed glassful of raw eggs in his quest for greatness. Raw eggs might be an excellent source of muscle-building protein, fats and micronutrients to fuel the body, but not […]
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Competition for technology is a major driver in the surge of mergers and acquisitions in 2018. Four out of 10 acquisitions of technology companies have come from companies in other industries, PricewaterhouseCoopers’ deals team said in their mid-year review and outlook released Thursday. The consumer and retail industry has made the most purchases of tech […]
Read moreSquare has a large untapped opportunity to offer more services to the restaurant industry, according to one Wall Street firm. Nomura Instinet reiterated its buy rating for Square shares, predicting the payment company’s new offering called “Square for Restaurants” will thrive. “The launch of Square for Restaurants marks Square’s entry into the $650-700bn U.S. restaurant […]
Read moreThe U.S. Supreme Court‘s decision Thursday to allow states to force online retailers to collect local sales tax will even the playing field between e-commerce and legacy retail, industry leaders told CNBC. “This is a victory for common sense and the economic realities of this century,” Jerry Storch, former CEO of both Toys R Us […]
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